Super Micro blasted by their auditors on the way out
Wow. In the strongest statement I’ve seen in a long time by an auditor, Ernst and Young has resigned as Super Micro Computer’s auditing firm saying that it is “unwilling to be associated with the financial statements prepared by management.”
This happens just six days ahead of their earnings November 5, which the company has reiterated will still take place.
Source · Staff, Reuters
Super Micro Computer says Ernst & Young resigns as auditor, shares tank
This is going to escalate quickly.
[…] despite the fact, that their auditors fired them because “they couldn’t trust management”, being threatened of de-listing by Nasdaq, and oh yeah: one of their founders being charged by the […]